Question
A sum of money becomes 7/6 of itself in 3 years at a certain rate of simple interest. The rate per annum is:
Answer: Option A
- Let sum = x.
Then, amount = 7x/6
S.I. = (7x/6 - x) = x/6,
Time = 3 years Rate = (100 x x/ x x 6 x 3)% = 50/9%
= 5 5/9%
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- Let sum = x.
Then, amount = 7x/6
S.I. = (7x/6 - x) = x/6,
Time = 3 years Rate = (100 x x/ x x 6 x 3)% = 50/9%
= 5 5/9%
Was this answer helpful ?
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